According to a new market research report published by Credence Research “Water Leak Detection Systems Market (By Type: Active Water Leak Detection Systems and Passive Water Leak Detection Systems; By Application: Residential, Commercial, Water Supply Systems and Others) – Growth, Future Prospects, and Competitive Landscape, 2017-2025”, water leak detection systems market is expected to grow at a CAGR of 5.6 % during the forecast period from 2017 to 2025.

Growing concerns pertaining to wastage of water and damage to property due to leakages in various pipelines and water storage systems have led to the growing popularity of water leak detection systems in the recent years. Water leak detection systems have offered a viable solution to various end-users to curtail losses and additional expenditures associated with accidental water leakages within facilities. Thereby, such systems are being widely adopted in various residential, commercial and industrial infrastructures. In addition, several developed economies across the world have framed strict mandates and imposed regulations pertaining to optimum usage and transportation of water which have compelled end users to make use of effective water leak detection systems. Furthermore, evolution of modern day electronics along with technological advancement in sensor technology have led to the rise of advanced solutions for various commercial and residential applications. Thereby, on account of rising product innovation and growing demand for effective solutions, the overall water leak detection market is expected to grow significantly in the following years.

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